Products/schemes: Dual unveils standalone POSI
Specialist underwriting agency Dual Corporate Risks has launched a standalone product for public offering of securities insurance.
The product will cover directors and officers and other insureds from claims arising out of any listing documentation relating to a public offering, with limits of indemnity up to £10m.
Capacity is being provided by Arch and Hiscox in line with the company's other primary directors' and officers' and financial lines products. With the recovery of the financial markets and increase in listings for 2011, Dual said it expected this to be a popular product. It will be available to UK and Irish
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